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Property profile & analytics
OFF-MARKET
Theaters & concert halls

3105 Holbrook Ave Hamtramck, MI 48212

7,404 SF 0.16 ac lot
Property ID
Property summary
AI-generated overview

This exceptional mixed-use property, located at 3105 Holbrook Ave in Hamtramck, Michigan, presents a unique investment opportunity. The 7,404 square foot building, constructed in an unknown year but extensively renovated in 2019, boasts a rich history and impressive features. The two-story, all-brick structure features a meticulously preserved first floor, including a vintage 1950s marble bar with new flooring, a phone booth, and a fully renovated office space. Upstairs, a stunning auditorium awaits, complete with original parquet wood flooring and an elevated stage. The basement offers ample storage, including an original walk-in safe. Exterior amenities include a fenced patio area and off-street parking for three vehicles. Recent upgrades include four new forced-air units, three ductless heating and cooling units, new air condensers (2012), electrical upgrades with new panels on all three floors, plumbing work (2013), two renovated barrier-free toilet rooms on the first floor, updated underbar equipment, new hot water heaters and utility sinks in the basement (2019), masonry tuckpointing (2019), and a new patio fence and electrical work (2021). The property sits on a 0.16-acre lot and is zoned C-2 Multi-Use District, offering considerable flexibility for future development. The asking price is $659,000, translating to $89.01 per square foot. This vacant building is ready for immediate occupancy and offers a blend of historical charm and modern functionality. The building's square footage is distributed as follows: 3,702 square feet on the first floor, 3,702 square feet on the second floor, and 2,386 square feet in the basement. The fenced patio adds an additional 2,400 square feet of usable space. The lot itself measures 7,284 square feet (71' x 104').

Property profile
Verified
Property type Theaters & concert halls
Total area 7,404 SF
Lot 0.16 ac (6,970 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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